Climate Change Archives | Page 7 of 12

FinTech Insurance

Lloyd’s and MIGA Partner to Boost Climate Resilience for Farmers

The world is grappling with unprecedented climate change challenges, making sectors like agriculture particularly vulnerable. In response to these pressing issues, Lloyd’s, a global leader in reinsurance, has joined forces with the Multilateral Investment Guarantee Agency (MIGA) to enhance climate resilience among farmers. This partnership aims to harness substantial financial guarantees to promote climate-smart agricultural practices, thereby supporting micro, small,

September 27, 2024

Data Centres and Virtualization

Ireland Aims to Lead Global Efforts in Data Center Emission Reduction

In a world increasingly driven by digitalization, data centers have become indispensable infrastructure. They are the backbone of our digital lives, from streaming services to cloud computing. However, their environmental impact is substantial, particularly in Ireland, where data centers account for a staggering 21 percent of the nation’s energy consumption. The Digital Footprint: Ireland Versus the World The energy-intensive nature

September 25, 2024

Data Centres and Virtualization

Can Ireland Balance Data Centers’ Growth with Climate Goals?

The rapid growth of data centers in Ireland presents a complex challenge. While they are crucial for the digital economy, their significant energy consumption raises questions about sustainability. Minister Eamon Ryan and various stakeholders, including tech companies and environmental advocates, weigh in on the issue. The Economic Importance of Data Centers Ireland’s Technological Boom Ireland has emerged as a technological

September 23, 2024

Data Centres and Virtualization

Can Ireland Balance Data Center Growth with Climate Goals?

Ireland, known for its thriving tech sector and as a central hub for multinational corporations, faces a significant challenge in reconciling its burgeoning data center industry with stringent climate goals. The country has become an attractive destination for data centers due to its favorable business environment, stable climate, and advanced infrastructure. However, these massive facilities are notorious for their high

September 17, 2024

FinTech Insurance

Demex Group Secures $10.25M for Innovative Storm Reinsurance Solutions

Recent developments in the FinTech sector have spotlighted The Demex Group, a company at the forefront of risk analytics and intelligence, specializing in parametric reinsurance solutions. In a significant stride forward, Demex has successfully raised $10.25 million through a Series A and preceding SAFE round funding. These funds are crucial for the company as it seeks to enhance its product

September 12, 2024

Cloud

Balancing Cloud Growth with Energy Demands: Nuclear and Renewable Paths

In recent years, the landscape of cloud computing has experienced significant growth, particularly accelerated by the COVID-19 pandemic. This increase in demand has led to substantial global spending on cloud infrastructure, now reaching approximately $80 billion per quarter—a 22% year-on-year increase. However, this swift expansion comes with its challenges, particularly in terms of energy consumption. As more tasks become dependent

September 5, 2024

FinTech Insurance

Parametric Insurance Launch Aims to Protect Kenyan Coffee Farmers

In an effort to protect Kenyan coffee farmers from the financial devastation caused by increasingly frequent droughts, a pioneering parametric insurance product has been launched. This initiative is a collaborative effort between Liberty Mutual Reinsurance (LM Re), Insurtech firm Sprout, Inc., and Britam, a local financial services company. Developed through the Lloyd’s Lab Launchpad Pitch, the product leverages cutting-edge technology

August 14, 2024

AI and ML

How Does CRIM Drive Trustworthy AI and Combat Climate and Misinformation?

The Computer Research Institute of Montréal (CRIM) has been a pivotal player in the tech landscape of Quebec since its establishment in 1985. Focused on applied research, CRIM specializes in leveraging artificial intelligence (AI) for industrial applications with an emphasis on safety, productivity, and trustworthiness. This article delves into CRIM’s rich history, their methodologies for AI development, and their remarkable

July 16, 2024

Digital Lending / Digital Payments

Are Digital Payments Greener? A Study of Environmental Impact

The European Digital Payments Industry Alliance (EDPIA) in collaboration with Oxford Economics has conducted a revealing study examining the environmental impact of digital payments compared to cash transactions in three European countries: Italy, Germany, and Finland. These nations represent varying levels of digital payment adoption and maturity, providing a comprehensive perspective on the issue. According to the research, digital payments

July 10, 2024

Employment Law

OSHA Proposes First National Heat Safety Rule to Protect Workers

The Occupational Safety and Health Administration (OSHA) has issued a proposed heat safety rule that aims to protect workers from extreme heat as persistent heat waves bring record-breaking temperatures across the U.S. The rule, if finalized, would establish the first-ever national heat safety standard. Here’s what you need to know about the proposed regulation and steps you can take now

July 9, 2024

FinTech Insurance

Google Awards $150K to Raincoat for AI-Driven Climate Insurance Solutions

In a significant step towards fostering innovation and diversity in entrepreneurship, Google has awarded $150,000 to Puerto Rican startup Raincoat. This funding is part of the Google for Startups Founders Funds program, which aims to support Black and Latino entrepreneurs. Raincoat, renowned for its AI-driven climate insurance solutions, will use this substantial financial backing to scale its groundbreaking technology and

July 5, 2024

Employment Law

UK Faces Legislative Push to Set Maximum Workplace Temperatures

As heatwaves become increasingly frequent and intense, the debate around regulating maximum workplace temperatures in the UK has reached an urgent tipping point. With forecasts predicting temperatures to soar close to 30°C, the call for legislative reform to protect workers from the dangers of extreme heat is more pressing than ever. Advocacy groups and unions are spearheading campaigns to set

June 27, 2024